Cheng family

New Business

Hong Kong developer NWD denies rumours of scramble to manage debt, secure equity financing

New World Development (NWD) denied market speculation that it is conducting a liability-management exercise involving its perpetual bonds or other…

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New Business

NWD says it has not received proposal from Cheng family on capital injection

New World Development (NWD) shares dropped on Tuesday after the property developer said it has not received a proposal from…

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New Business

New World’s Cheng family weighs capital injection in Hong Kong developer, sources say

New World Development’s controlling shareholder, the billionaire Cheng family, is considering injecting capital into the debt-laden Hong Kong developer as…

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New Business

Can Hong Kong’s IPO boom plug the hole in the city’s floundering office market?

In the first instalment of our two-part series on Hong Kong’s beleaguered property market, industry players pin their hopes on…

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New Business

New World ramps up luxury home sales in Hong Kong and mainland China

New World Development (NWD) is ramping up the delivery of residential projects in Hong Kong and mainland China after raising…

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New Business

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

CTF Services, the infrastructure development arm under Chow Tai Fook Enterprises (CTFE), owned by one of Hong Kong’s richest families,…

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New Business

New World Development names Huang Shaomei CEO as Eric Ma steps down after 2 months

New World Development (NWD)’s CEO Eric Ma Siu-cheung has stepped down barely two months after assuming the top job, leaving…

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New Business

New World Development sells Hong Kong sports park stake to parent to tackle debt

New World Development (NWD) has sold its stake in Hong Kong’s largest sports infrastructure project to parent Chow Tai Fook…

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